From Jayshree Ullal to Neerja Sethi, 5 Women of Indian Descent Make America’s Richest Self-Made Women List
From Jayshree Ullal to Neerja Sethi, 5 Women of Indian Descent Made List of America’s Richest Self-Made Women |
Five women of Indian descent feature in Forbes’ annual list of America’s richest self-made women. According to the American business magazine, they made their fortunes in a variety of businesses such as entertainment, health, technology, cosmetics, fashion and others. This year’s list required a minimum net worth of $215 million.
1. Jayshree Ullal
Born in London and raised in India, Ullal studied electrical engineering at San Francisco State University and topped the list for the fifth consecutive year. Last year, she became the first self-made woman in America to boast a fortune of $10 billion or more.
Ullal joined Arista when it had no income and less than 50 employees. She joined the board of Snowflake, a cloud computing company that went public in September 2020.
The publicly traded company reported revenue of $2.3 billion in 2020, down nearly 4% from 2019. Ullal owns about 5% of Arista’s shares, part of which is attributed to his two children, a niece and a nephew.
2. Neerja Sethi
Sethi’s Syntel was bought by French IT company Atos SE for $3.4 billion in October 2018. Sethi got around $510 million for his stake. Sethi, who had been an executive at Syntel since 1980, did not join Atos after the acquisition.
Sethi met her husband in the United States while working for the pioneering computer company Tata Consultancy Services, which they attempted to emulate. The couple started the business with an initial investment of just $2,000.
3. Neha Narkede
Narkhede grew up in Pune and studied computer science at Georgia Tech, and now advises numerous tech start-ups. As a LinkedIn software engineer, she helped develop Apache Kafka, an open-source messaging system to handle the heavy influx of traffic to network sites.
In 2014, she and two LinkedIn colleagues left to found Confluent, which helps organizations process large amounts of data on Apache Kafka. The $388 million (revenue) company went public in June 2021 at a valuation of $9.1 billion; she and her family own about 8%.
4. Indra Nooyi
Nooyi grew up in India and earned an MBA from Yale before becoming one of the few female CEOs of American companies in 2006. She retired from PepsiCo in 2019 after 24 years, half of them in the top job. raised.
As CEO, she resisted a plan to break up PepsiCo, nearly doubled sales, and implemented healthier products and environmentally responsible methods. Her fortune stems from the shares she received while working at PepsiCo. In 2019, Nooyi joined Amazon’s board of directors in 2019.
She became one of Yale Business School’s top alumni donors after donating an undisclosed amount in 2016.
5. Reshma Shetty
Shetty earned a Ph.D. in biological engineering at MIT. There she meets other co-founders of Ginkgo Bioworks. Named after a tree from the age of dinosaurs, Ginkgo uses data analytics and robotics to speed up the process of discovering and creating new creatures.
Ginkgo Bioworks went public in a SPAC merger in September 2021. Its shares fell 80% from their peak in November in mid-May 2022. As Covid-19 spread, the company opened its Boston facilities for coronavirus research and to ramp up testing. for the disease.
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